empty
 
 
13.04.2015 11:50 AM
Daily analysis of GBP/USD for April 13, 2015

The GBP/USD is still falling and trying to find a solid near-term floor, which could be represented by the support zone around 1.4540 on the daily chart. It should be noted that pair is entering negative territory of the MACD indicator, so the bearish momentum is still alive. Also, we recommend to wait for another bearish formation in order to see new lows.

This image is no longer relevant


The bearish structure has been observing over the last hours, as GBP/USD is trying to form another lower low pattern below the resistance level at 1.4612. We could expect some kind of consolidation in the short term, before the pair looks forward to fall to the support area at 1.4462. The MACD indicator neutral.

This image is no longer relevant


Daily chart's resistance levels: 1.4649 / 1.4820

Dailychart's support levels: 1.4540 / 1.4424

H1 chart's resistance levels: 1.4612 / 1.4684

H1 chart's support levels: 1.4546 / 1.4462



Trading recommendations for today: Based on the H1 chart, place short (sell) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.4546, take profit is at 1.4462, and stop loss is at 1.4630.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback